Just contacted my conveyancing solicitor in West Croydon who acted for me two years ago and wanted a conveyancing estimate based on an identical type of house sale & purchase (a leasehold premises and a freehold premises) of almost identical values with a mortgage from Clydesdale. It looks as though am now being quoted twice the amount. Should I look for a cheaper online property lawyer?
The quote is slightly on the steep side. If you are prepared to spend time comparing prices you might decrease the fees slightly by as much as £100 plus VAT. On the other hand, assuming were pleased with the legal work the firm provided you couldlive to regret opting for an an unknown lawyer. If is important to be sure that the solicitor can represent Clydesdale. You can make use of our search tool to get a quote a West Croydon conveyancing firm on the Clydesdale approved list of lawyers, which can often include conveyancing solicitors in West Croydon.
Finally the sale completed on my house in West Croydon last May yet the purchaser is SMS messaging daily to say her solicitor is waiting to hear from mine. What are the post completion sale formalities following completion?
Following your disposal your solicitor is duty bound to deliver the transfer deeds and all supplemental paperwork to the purchaser's lawyers. Depending on the transaction, your solicitor should also evidence that the mortgage has been paid off to the buyers solicitors. There is unlikely to be post completion requirements unique to conveyancing in West Croydon.
I am considering mortgaging my house in West Croydon, does my lawyer have to be on the Yorkshire BS Solicitor panel?
There is nothing to stop you using your solicitor, but Yorkshire BS will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I own a terraced Victorian property in West Croydon. Conveyancing solicitor represented me and The Royal Bank of Scotland. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in West Croydon and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with your conveyancing lawyer who conducted the conveyancing.
I am buying a new build house in West Croydon with a mortgage from Chelsea Building Society. The sellers would not budge the price so I negotiated 6k of additionals instead. The property agent suggested that I not reveal to my solicitor about the extras as it would jeopardize my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am looking for a leasehold apartment up to £305k and identified one round the corner in West Croydon I like with a park and railway links in the vicinity, however it's only got 51 years unexpired on the lease. There is not much else in West Croydon suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a home loan the remaining unexpired lease term may be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.